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Do I have to keep paying for a car that has been reposed by a bank if I surrender it to the bank in which is carring the loan?
Wiki User
∙ 16y ago
The bank will sell the vechile, u will be responsible for the difference between what they sell it for and what you owe . plus any interest and penalties.
Wiki User
∙ 16y ago
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What happen when the car is not reposed after bankruptcy?
Nothing, but my advise to you is that if your bank rupt you should sell the car
When you vehicle is reposed are you financially responsible to pay the bank anything?
When your car is repossessed from the bank, the bank will sell it, usually at an auction. You are responsible for the difference of the selling price and what you owe on the car.
Who is a paying banker in relation to cheques?
The paying bank is the bank on which the check is written.
How do I surrender a vehicle to the bank?
obama did it!!!!!!!!!!!
I bought a truck from someone and was making monthly payments. This person was not making payments to the bank. The truck is in the process of being reposed by the bank. Can I put a lien on the truck?
nothing you can do without a title in your name
Can you go to jail for not paying a bank loan?
Jail is not a penalty for not paying a bank loan. The bank can bring a judgment against the person who does not pay the loan back.
How do you cancel ATM card of state bank of India?
surrender it to your State bank of india branch.
What is Bank Of America Bank paying on a 2 yr $5,000 CD?
Bank of America is paying 1.49% or 1.50% APR on 2 year CDs of less than $10,000.
If you quit making house payments and surrender your keys can the bank come back on you?
If you're in the US, yes. Surrendering your keys does not release you from the obligation of paying the debit, so if they can't sell the property for enough to cover the balance of the loan...
What is 750 with an interest rate for three years at 0.035?
750*(1.035)3 = 831.538 That is 831.53 if the bank is paying you, 831.54 if you are paying the bank!
Do we the people have to submit my bank statements to the bank holding a car loan?
Not after you are approved. if you can't afford to pay, surrender it/
Paying bank here in the Amsterdam Netherlands before any transfer can be made to your designated bank account in your country?
do i which paying bank here in the AMSTERDAM NETHERLANDS before any transfer can be made to your designated bank account in your COUNTRY?
